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Harvest Gold Announces The Closing of its Non-Brokered Private Placement With Crescat Capital Participating as Lead Investor
Vancouver, British Columbia / April 21, 2025 ‑ TheNewswire - Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold” or the “Company”) is pleased to announce that,
About this update from Harvest Gold Corporation
[{"type":"text","content":"Vancouver, British Columbia / April 21, 2025 ‑ TheNewswire - Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold” or the “Company”) is pleased to announce that, further to its news release of March 17, 2025, and subject to the final approval of the TSX Venture Exchange (the “Exchange”), it has closed its non-brokered private placement (the “Offering”) issuing 24,600,000 units of the Company (the “Units”) at $0.025 per Unit raising total gross proceeds of $615,000. Crescat Capital LLC, as lead investor in the Offering, purchased 5,000,000 Units bringing their non-diluted ownership of Harvest Gold common shares to approximately 18.79%. Harvest Gold President and CEO Rick Mark, states: “We are pleased to get this financing completed on time in this tumultuous market environment. I am encouraged that we were able to add some new, very experienced exploration investors who learned of our Quebec opportunity for the first time. Of course, Crescat’s continued support is very much appreciated and the best signal to the market that our Urban Barry Belt property package is prime for discovery.” Each Unit consists of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional Share at a price of $0.05 for a period of three years from the closing (the “Expiry Date”) of the Offering. The Company paid finder’s fees of $625 cash and 25,000 finder’s warrants (the “Finder’s Warrants”) to qualified parties in connection with the closing of the Offering. The Finder’s Warrants are non-transferable and exercisable at $0.05 per Share until the Expiry Date. All securities issued pursuant to the Offering are subject to the Exchange Hold Period and a four-month and one day hold period pursuant to securities laws in Canada expiring on August 18, 2025. The Company anticipates using certain proceeds from the Offering for property exploration expenses and general working capital. Additionally, the Company expects to use $100,000 in proceeds received from the Offering to make a property payment to Vior Inc. About Crescat Capital LLC Crescat is a value-driven asset management firm headquartered in Denver, Colorado with a global macro thematic overlay. The current goal of its activist metals’ strategy is to help exploration companies crea...